(1) Q = 50 - 6.25P When demand increases by 20%, the new demand Q2 = 1.2 x Q So: 1.2 x Q = 1.2 x (50 - 6.25P) or, Q1 = 60 - 7.5P (2) Original Qd = 50 - 6.25P Qs = - 10 + 12.5P In equilibrium, Qd = Qs 50 - 6.25P = - 10 + 12.5P 18.75P = 60 P = 3.20 Q = - 10 + (12.5 x 3.2) = 30 (3) New Qd = 60 - 7.5P Equating with Qs: 60 - 7.5P = - 10 + 12.5P 20P = 70 P = 3.50, Q = - 10 + (12.5 x 3.5) = 33.75 (4) (a) elasticity of demand = Change in quantity demanded / change in price = 0.20 / [(3.5 - 3.2) / 3.2] ** = 2.13 ** change in quantity demanded = 20% (0.20) given (b) Elasticity of supply = change in quantity supplied / change in price = [(33.75 - 30) / 30] / [(3.5 - 3.2) / 3.2] = 0.125 / 0.0938 = 1.33 Solution (1) Q = 50 - 6.25P When demand increases by 20%, the new demand Q2 = 1.2 x Q So: 1.2 x Q = 1.2 x (50 - 6.25P) or, Q1 = 60 - 7.5P (2) Original Qd = 50 - 6.25P Qs = - 10 + 12.5P In equilibrium, Qd = Qs 50 - 6.25P = - 10 + 12.5P 18.75P = 60 P = 3.20 Q = - 10 + (12.5 x 3.2) = 30 (3) New Qd = 60 - 7.5P Equating with Qs: 60 - 7.5P = - 10 + 12.5P 20P = 70 P = 3.50, Q = - 10 + (12.5 x 3.5) = 33.75 (4) (a) elasticity of demand = Change in quantity demanded / change in price = 0.20 / [(3.5 - 3.2) / 3.2] ** = 2.13 ** change in quantity demanded = 20% (0.20) given (b) Elasticity of supply = change in quantity supplied / change in price = [(33.75 - 30) / 30] / [(3.5 - 3.2) / 3.2] = 0.125 / 0.0938 = 1.33.

1. Answer:-
Cultural relativism is a complex concept that has its intellectual roots in dicussions about
relativism in the philosophy of science and the philosophy of language .
1.Different social contexts demand moral guidelines .
2.It is arrogant for one society to judge another we have more technology than others ,but we are
not 'better',more intelligent ,more moral .
3.morality is reflected in actual in actual behaviour :'Do as i say, do not do what i do
4.socities share core values, therefore ,they may exist a universal ethical theory opposing
cultural relativism .Example of core values :
care for newborn
not telling lies
prohibition aganist murder
1.Virtue ethics may be identified as the one that emphasizes the virtues
2.In contrast to the approach which emphasizes duties or rules
3.That which emphasizes the consequences of actions
4.makes peoaple consider basic virtues .creates a culture of mediorcity
5.Does not put enough emphasis on the consequence of situations ignores suitations.
Too optimistic /idealistic
Solution
Answer:-
Cultural relativism is a complex concept that has its intellectual roots in dicussions about
relativism in the philosophy of science and the philosophy of language .
1.Different social contexts demand moral guidelines .
2.It is arrogant for one society to judge another we have more technology than others ,but we are
not 'better',more intelligent ,more moral .
3.morality is reflected in actual in actual behaviour :'Do as i say, do not do what i do
4.socities share core values, therefore ,they may exist a universal ethical theory opposing
cultural relativism .Example of core values :
care for newborn
not telling lies
prohibition aganist murder

2. 1.Virtue ethics may be identified as the one that emphasizes the virtues
2.In contrast to the approach which emphasizes duties or rules
3.That which emphasizes the consequences of actions
4.makes peoaple consider basic virtues .creates a culture of mediorcity
5.Does not put enough emphasis on the consequence of situations ignores suitations.
Too optimistic /idealistic